Four key things to check when YES Bank announces Q3FY20 results on March 14
After much delay, YES Bank is scheduled to announce its results for the third quarter ended December 2019 (Q3FY20) on Saturday, March 14. The results assume significance in the backdrop of recent developments that saw the Reserve Bank of India (RBI) supersede the board of directors of YES Bank and appointed Prashant Kumar as the administrator. The apex bank also put under moratorium all deposits with YES Bank till the first week of April. So, what do analysts expect the bank to unveil on Saturday? “ Quality of book / accounts; actual deposit base; details on the amount of money needed to meet the capital adequacy norms and get new investors on board; and an honest admission of the troubled assets of the bank are the four key things investors should monitor,” says Siddharth Purohit, an analyst tracking the sector at SMC Global. The moratorium on withdrawal of deposits till April and the proposal to write down the additional capital tier-1 (AT-1) bonds, analysts say, has not